Seazen Group's Subsidiary Records 41% Lower Net Attributable Profit for Q3

MT Newswires Live10-30

Seazen Group's (HKG:1030) subsidiary Seazen Holdings (SHA:601155) recorded a net profit attributable to its shareholders of 1.45 billion yuan for the nine months ended Sept. 30, 41.31% lower than 2.48 billion yuan logged for the corresponding period last year, a Wednesday filing with the Hong Kong Exchange said.

Earnings per share stood at 0.64 yuan for the reporting period, compared with 1.10 yuan per share recorded for the year-ago period.

The real estate development subsidiary's operating revenue for the reviewing period was 51.6 billion yuan, 27.66% lower than 71.3 billion yuan booked a year ago.

The company's shares were up over 2% on Wednesday's close.

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